GBPCAD Short
End of Wave 5 Projection. As W2 was a steep pullback without the pricing closing above the beginning of W1, I would expect W4 to be a more complex pattern. W4 has turned out to be an ABC pattern that has pulled back without overlapping W1, so from my analysis the trade is valid to the downside.
Trade closed: stop reached
Stop loss hit. Stopped out of trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.